A Particle Swarm Optimization based a two-storage model for deteriorating items with Transportation Cost and Advertising Cost: The Auto Industry

Applied Mathematics

A deterministic inventory model of Auto industry article deterioration using Particle Swarm Optimization (PSO) has been developed. He advocates a type of ramp with inflation effects in dual storage facilities of Auto industry. The own warehouse of Auto industry has a fixed capacity of W. units. The rented warehouse (RW) of Auto industry has unlimited capacity. We have assumed here that storage costs of Auto industry in RW were higher than in OW. Inventory of Auto industry bottlenecks are allowed and partially deferred using Particle Swarm Optimization (PSO) assumes that inventory of Auto industry will deteriorate over time with a variable rate of deterioration of Auto industry. The inflation effect has also been taken into account for various costs associated with the inventory system of Auto industry and the using Particle Swarm Optimization (PSO). The numerical example is also used to examine the behaviour of the model. The cost minimization technique is used to obtain the terms of total cost and other parameters.

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